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    8148 Cicero Ave Burbank, IL 60459

    • Community centers
    • 2.65 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $510,000
    Last Sale
    Apr 24, 2024
    Location Intelligence
    Property ID
    US28-2727343
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Big Lots / Discount Store / Furniture Store
    • ToysRUs / Toy Store / Doll Store

    Property Details for 8148 Cicero Ave

    Year built
    1971
    Lot size
    2.65 lot acres
    Property type
    Community centers
    APN
    19-33-200-009
    APU
    1933200009

    Description

    This exceptional retail opportunity presents a 39,398-square-foot freestanding building situated on a prominent 2.7-acre lot at 8148 S Cicero Ave in Burbank, Illinois. Built in 2007 and renovated in 2018, this single-tenant building is currently vacant and offers significant potential for a variety of retail uses. The durable masonry construction ensures longevity and the recent exterior renovations enhance its curb appeal. The property boasts 92 parking spaces, providing ample convenience for customers. Its location on Cicero Avenue offers exceptional visibility and accessibility, further enhanced by its proximity to major national retailers such as Lowe's, Jewel-Osco, Dollar Tree, Party City, AutoZone, and Five Below. The building features two stories and includes elevators. Located in Cook County, Illinois, with a zip code of 60459, this property offers a compelling investment opportunity due to its size, location, and recent improvements. The property taxes are $4.26 per square foot. This site is ideal for a business seeking high visibility and convenient access in a thriving retail corridor.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $540,000
      6.5%
      $500,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $500,000
      Mixed-Use
      $525,000
      Hospitality
      $475,000
      Educational
      $510,000
      Residential Income
      $470,000
      Energy
      $560,000
      Income-Based Land
      $460,000
      Food Service
      $620,000

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Cook
    State
    Illinois
    Longitude
    -87.7422
    Latitude
    41.7443
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $172,354
    $317,465
    $129,470
    $446,935
    -
    $1,269,860
    $517,880
    $1,787,740

    Comparable in this City

    • Value Estimation
      $3,320,000
      1.20 Acres

      8014 Cicero Ave, Unit 50

      MINI-MALL • 1.20 Acres
      8014 Cicero Ave, Burbank, IL 60459-1508
      View Details
    • Value Estimation
      $3,350,000
      3.52 Acres

      8146 Cicero Ave

      MINI-MALL • 3.52 Acres
      8146 Cicero Ave, Burbank, IL 60459-1509
      View Details
    • Value Estimation
      $455,000
      2.07 Acres

      8515 Harlem Ave

      MINI-MALL • 2.07 Acres
      8515 Harlem Ave, Burbank, IL 60459-2293
      View Details
    • Value Estimation by Request
      0.33 Acres

      7912 Austin Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.33 Acres
      7912 Austin Ave, Burbank, IL 60459-1918
      View Details
    • Value Estimation by Request
      0.34 Acres

      8636 Cicero Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.34 Acres
      8636 Cicero Ave, Burbank, IL 60459-2894
      View Details
    • Value Estimation by Request
      0.06 Acres

      7812 Cicero Ave

      STORE, RETAIL OUTLET • 0.06 Acres
      7812 Cicero Ave, Burbank, IL 60459-1584
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      8,690 SF

      Retail Space on Cicero Avenue

      Retail space available in regional shopping destination on Cicero Ave.
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    • Contact for pricing
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      Retail Space on Cicero Avenue

      Retail space with high visibility in Burbank Plaza.
      8014 S Cicero Ave, Burbank, IL 60459
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    • $12 SF/Yr
      39,398 SF

      Cicero Ave Retail Building For Sale

      Prime Burbank location, 39,398 SF, high visibility.
      8148 Cicero Ave, Burbank, IL 60459
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    • Contact for pricing
      1,224 SF

      Harlem Ave Retail Center Investment

      Dunkin'-anchored retail center in Burbank, IL
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      View Details
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    Burbank, IL 60459
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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